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EBRD goes on a spending spree supporting Egyptian banks
The European Bank for Reconstruction and Development just loaned a crisp USD 325 mn to Egypt’s banks to drive SME…
Speed Round
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ADNOC to sell at least 10% stake in fuel stations unit in December ADX IPO
IPO WATCH- Abu Dhabi’s ADNOC took a step toward its previously hinted sale of least 10% of its fuel stations…
Unified port fees implemented across Egypt’s ports on a trial basis
The Transport Ministry began implementing unified port fees nationwide last month on a trial basis, Transport Minister Hisham Arafat announced…
Aly appointed Chairman and MD of ADIB-Egypt
MOVES- Elsayed Mohamed Aly has been appointed chairman and managing director of Abu Dhabi Islamic Bank (ADIB)-Egypt. Aly was formerly…
Domty denies entering into a partnership to produce and package olive oil
INVESTMENT WATCH- Domty denied that it is planning to invest USD 25-30 mn in an olive packaging and processing operation…
Cook’s shareholder appoint Arqaam to advise on sale
M&A WATCH- The main shareholders in food products producer Cook's Industries have appointed Arqaam Capital to advise on the sale…
German tourists’ bookings in Hurghada, Marsa Alam surge again in October
And speaking of the tourism upswing, German tourists continued to book more holidays in Hurghada and Marsa Alam in October,…
EgyptAir expected to announce today a USD 1.1 bn order for Bombardier C-Series planes
EgyptAir is expected to announce today a USD 1.1 bn order for Bombardier C-Seriesjets, Boeing 787s: EgyptAir has reportedly been…
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